Homeownership is seen as security and status. A survey conducted by Chase found that two-thirds of millennials are determined to reach their goal of buying a home.
But is buying a home the right choice financially?
Read moreHome prices have been booming lately, rising at their fastest pace in the last 15 years. A cocktail of record-low mortgage rates, low inventory of homes, and people looking to upgrade during the pandemic has pushed the median-priced, single-family home to an all-time high. The growth can be seen just about everywhere, from small towns to big cities.
This unprecedented growth has many people starting to ask: When will the housing market crash?
Read more“I bought my home in 1970 for $24,000 and I sold it when I retired in 2000 for $130,000. Your home is your best investment.”
Okay, boomer.
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Financial Liberty 